International development cooperation is an important source of finance for least developed countries, including Nepal. The share of foreign aid in the national budget was 22% in FY 2017/18, compared to nearly 29% in FY 2016/17. Growth and efficiencies in the mobilization of domestic resources has meant that while the volume of foreign aid in the budget has increased, its share has remained below 30%. Nepal believes that the foreign aid must be secured and used in ways that would avoid crowding out domestic resource mobilization, while aiming to reduce aid dependency in the long run.
Despite all the global political commitments for aid effectiveness, Nepal still face challenges in mobilizing the development cooperation through national budgetary system and also in aligning aid with national policy and priorities. Nepal now faces the challenge of having to mobilize more international resources for, inter alia, graduating to the developing country status by 2022, achieving the Sustainable Development Goals by 2030, and fulfilling the universally recognized economic, cultural and social rights that are now enshrined as fundamental rights in the Constitution.
Output-linked budget allocation system backed by a strong monitoring framework, rigorous reporting and auditing system, strict scrutiny by oversight and surveillance agencies and sustainable operations of aid-funded projects are the key public finance management reforms emphasized by the Government in recent years. Most importantly, Nepal has improved its budget management information system, including the development and maintenance of Aid Management Platform (AMP). These tools provide transparent data on development cooperation and encourage evidence- based decision making by both the Government and the development partners.
This publication of Development Cooperation Report, is the eighth in the series, which analyzes the international development cooperation landscape in Nepal using data from the AMP.
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Publisher:
IECCD, Ministry of Finance,GON
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(2018
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Type / Script:
Publication
in English
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Keywords:
DEVELOPMENT, ECONOMIC AND SOCIAL DEVELOPMENT, SOCIAL AND ECONOMIC DEVELOPMENT
INTERNATIONAL DEVELOPMENT,DEVELOPING COUNTRIES,DEVELOPMENT ASPECTS, DEVELOPMENT ASSISTANCE, DEVELOPMENT EDUCATION, DEVELOPMENT FINANCE, DEVELOPMENT INDICATORS
DEVELOPMENT RESEARCH, RIGHT TO DEVELOPMENT, WOMEN IN DEVELOPMENT, DEVELOPMENT TRENDS, DEVELOPMENT ADMINISTRATION, DEVELOPMENT POTENTIAL
DISARMAMENT-DEVELOPMENT LINK, DIVIDEND FOR DEVELOPMENT
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Thematic Group:
UNDP
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Social and Institutional Developoment
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Thesaurus:
02.04.00
- Development
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Reference Link:
http://www.np.undp.org/content/nepal/en/home/library/poverty/Development-Cooperation-Report-2018.html
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